Investors are becoming too optimistic about the world economy
American inflation, Europe’s energy crisis and China’s zero-Covid-19 policy are still enormous problems.
Sign up now: Get ST's newsletters delivered to your inbox
Following increased inflation concerns, the Dow Jones Industrial Average fell 403.89 points, or 1.34%, on Friday.
PHOTO: AFP
The Economist
A rare surge of optimism is running through financial markets.
For most of 2022, America’s high inflation has proved troublingly persistent, Europe’s energy crisis has threatened a deep recession and China’s economy has been plagued by Covid-19 lockdowns and a property bust.
